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tender to the Mortgagee in accordance-~~1 ttW proves of flee note secured lcerebv, full payment of the
en indebtedness represented thereby{ the Mortga,0i~ trustee, shall, in computing the amount of such
in ebtednees, credit to tlia account oI the Mortgagor any credit balance remaining under the provisions of (a)
of said ph Z. It there shall be a de[sutt under any of the provisions of this mortgage resulting in a
public salthe premises covered hereby, or it the Mortgagee acquires the property otherwise alter default,
the Mortgagee, as trustee, shall apply, at the time of the commencement of such proceedings or at the time
the property r otherwise acquired, the amount then remaining to credit of Mortgagor under (a) of psragnph• Z
preceding as s credit on the interest accrued and unpaid and the balance to the principal then remaining unpud
on said note.
4. He will pay all lass, assessments, water rata, and othsr ~ove~rnma~tal oe municipal charges, 'Saes, of
iaspositions, fa which provieioa has not bees mach heninbefore, am! in defaul0 f~he Mortg~ee may pqy the
•ms; sad that iw will promptly deliver the c~cial reo~pts therefor to the Mortpgee.
b. He will permit, commit, or softer no waste, lmpairmant, of deta'ioratioa of said pebperty or saaayy part thereof
eseept reasonabls wear and tear. and in the event o` the failure of the M to keep the buildings on said
premises and those to be ereete~ on said pnanisee, or improvement. tbereon~good repair lhs Mortgagee may
make such repairs as in its dLcretioa it may deem neoeesary for fbe p per pseacrvatioa theteo#, and the full amount
of each and every each payment shall bs due sad payable thirty (30j days after deaaand, sad shall bs seared by
the lies of this mort6sse.
6. He will pay all ~ singular tbs costs, sad expeaees, including reasonable Lwyer's fees, and costs
of •batnata of title, incurred or paid at any time~Mortgagee because of the failure on the part of the Mort~or
promptly and fully to perform the agreements and covenants of said e~~ _ _
- costs, charges, and expenses shall be immediately due and payable and shall be secured by the lien of this' mortgags.
7. Re will oontinuous~ maintain hazard insurance, of such type or types and amounts as Mortgagee may
from lima to time require, on the improvements now or hereafter on said premises and except when payment
for all such premiums has Weretofore been made under ~(s of paragraph 2 hereof ~e will pay promp~,~y when
due any premiums thcr4for;,"!UI inaLrance shall be carried in companies approve by biartgagee and the poli-
cies and reaewaM thereof aliall`be held by Mortgagee and have attached thereto loss payable use is favor of
and in form acceptable to the Mo Magee. In event of loss he will give immediate notice by
mail to Mortgagee,
sad Mortgages may make .proof~o [ Ices if not made promptly by Mortgagor, and each tnsurance company
eonoerned is hereb suthonssd and directed to make payment for such loss directly to Mortgagee instead of
to Mortgagor and Mortgagee jointly, and the insurance proceeds, or any part thereof may be app •ed by Mortr
gages at tts option either to the reduction fli the indebtedness hereby secured or to t~ha restontion or repair of
the property dammed. In event of foreclosure of this mortgage or other transfer of title to the mortgaged
property to extingutahment of the indebtedness secured hereby, ail right, title, and interest of the Mortgagor
to and to any inaunace policies then in force shall pass to the purchaser or grantee.
8. If the prnii~ises, or and- part thereof, be condemned raider the power of eminent. doniam, or acquired for
a public use, flee damages awarded, tl~e proreecis for tl~e taking of, or.the ~onsicieration for such acquisition, to
the extent of the full amount of the remaining unpaid indebtedness secured b~ -this mortgage, arc hernby
assigned to the Mortgagee, and his heirs or assiims, and shall be paid forthwith to said Mortgagee or his
assignee to be applied on account of the lest maturinK installwents of sucL indebtedness; provided, however,
the :~iortga~ee or hcs assignee, may at his discrntion par dirnet to the Mortgagor, his heirs or assigns anr~art
or all of such award; provWed, that if the loan is guaranteed or insured, the consent of the guarantor or insurer
is obtained in advance of said pa~•ment.
9. The Mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdiction
thereof for the appointment of s receiver, and such court shall forthwith appoint a receiver of the premises covered
hereby all acid singular, including all and singular the income, profits,- isgues,'and revenues from whatever source
derived, each and every of which, it being expressly understood, is hereby mortgaged as U specifically set forth and
described in the granting and habendum clauses hereof. Such appointment BhsU be made by such court as an admitted
equity and a matter of absolute right to said Mortgagee, and without reference to the adequacy or inadequacy of
the value of the property mortgaged or to the solvency or insolvency of said Mortgagor or the defendants. Such
yenta, profits. income, issues, and revenues shall >Se applied by such receiver scoording to the lien of this mortgage
and the practice of such court. In the event of any default on the part of the Mortgagor hereunder, the Mortgagor
agrees to pay to the Mo on demand as a reasonable more y rental for the premises an amount at least
~ equivalent to one-tweUth
(sj of the aggregate of the twelve monthly installments payable in the then current
year plus the actual aanount of the ann taxes, assessoaeate, water rates, and insurance premiums for such year
sot covered by the aforesaid monthly payments.
10. In the event of any b_*each of this mortgage or default on the part of the Mortgagor, or in the event that
any ~ said sums of money herein referred to be not promptly and lolly paid acxording to the tenor hereof, or in the
event that each and every the stipulations, agreements, conditions, and oovenanta of said note and this mortgage,
are not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned
in said note then remaining unpaid, with interest accrued to that time, and all moneys secured hereby, shall become
due and payable forthwith, or thereafter, at the option of said Mortgagee, as fully and completely as if all of the
said sums of money wen originally stipulated to be paid on such day, anything in said note or in Chia mortgage to
the contrary notwithstanding; and thereupon or thereafter, at the option of said Mortgagee, without notice or
demand, suit at law or in equity, may be prosecuted as U all moneyp second hereby had matured prior to its institu-
tion. The Mortgagee may foreclose this mortgage, as to the amount so declared due and payable, and the said
premises shall be sold to satisfy and pay the same together with costa, expenses, and allowances. In case of partdal
foreclosure of this mortgage, the mortgaged premises shall be sold subject to the continuing lien of this mortgage
for the amount of the debt not then due and unpaid. In such case the provisions of this paragraph may ag~n be
availed of thereafter from time to time by the Mortgagee.
11. No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held
to be a waiver of the terms hereof or of the note secured hereby. .
12. The lien of this instrument shall remain is full fora and eBect during soy postponement or extension of
the time of payment of the indebtedness or any part thereof secured hereby.
13. If the Mortgagor default in any of the covenants or agreements contained herein, or in said note, then the
Mortgagee may perform the same, and all expenditures (including reasonable attorney's fees) made by the Mortgagee
in so doing shall drew interest at the rate provided for in the principal indebtedness, and shall be repayable
thirty (30) days suer demand, and, together with interest and .costa accrued thereon, shall be secured by
this mortgage.
14. ~Upoa flee request of the Mortgagee the Mortgagor shall execute and deliver a supplemental note or
notes for the sum or sums advanced by the tilortgagee for the alteration, modernization, improvement, main-
tenance, or repair of said premises, for taxes or assessments against the same and [or any other puriwse author-
ized hereunder. Said note or notes shall be secured hereby on a panty with and as fully as if the advance
evidenced thereby were included in the note 6rsi described above. Said supplemental note or notes shall bear
interest at the refs provided for in the principal indebtedness and shall be syable in a proximately equal
monthly pa eats for such period as may be agreed upon by the creditor and debtor. Failing to agree on the
maturity, the whole of the sum or sums so advanced shall be due and payable thirty (30) days after demand
by the creditor. In no event shall the maturity extend beyond the ultimate tnstwity of the note BraC
described above.
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